Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Reaches New 52-Week High – What’s Next?

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $56.91 and last traded at $57.0350, with a volume of 138075 shares traded. The stock had previously closed at $55.89.

Invesco S&P 500 Equal Weight Industrials ETF Stock Up 2.1%

The company has a market capitalization of $706.97 million, a PE ratio of 22.94 and a beta of 1.09. The firm’s 50 day simple moving average is $55.59 and its 200 day simple moving average is $54.94.

Institutional Trading of Invesco S&P 500 Equal Weight Industrials ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSPN. CX Institutional lifted its stake in Invesco S&P 500 Equal Weight Industrials ETF by 291.3% in the third quarter. CX Institutional now owns 587 shares of the company’s stock worth $33,000 after purchasing an additional 437 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the 1st quarter worth approximately $47,000. US Bancorp DE lifted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 53.5% during the 1st quarter. US Bancorp DE now owns 1,107 shares of the company’s stock worth $54,000 after acquiring an additional 386 shares during the last quarter. Salem Investment Counselors Inc. purchased a new position in Invesco S&P 500 Equal Weight Industrials ETF during the 2nd quarter valued at $80,000. Finally, Ameritas Advisory Services LLC bought a new position in Invesco S&P 500 Equal Weight Industrials ETF in the 3rd quarter valued at $97,000.

About Invesco S&P 500 Equal Weight Industrials ETF

The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of industrial US stocks drawn from the S&P 500. RSPN was launched on Nov 1, 2006 and is managed by Invesco.